U.S. Steel cut to "underweight" by Prudential

LeslieWines

NEW YORK (CBS.MW) - Prudential Equity Group Thursday reduced its rating on United States Steel
X, +1.16%
to "underweight" from "neutral," citing recent stock price gains and diverse risks linked to the cyclical nature of the steel industry. The research house also reiterated a 12-month price target of $35 for the stock. On Wednesday the stock fell 14 cents to $52.22.

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